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Thread: Making FL home primary while still working in NY
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Old 07-23-2012, 10:45 PM
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Quote:
Originally Posted by anarick View Post
Our Fernandina house will be ready in Sept/Oct of 2013 but I will be working in NY for another 5 yrs. We'll be spending vaca's and short visits.

My question is can I claim my Fl address as primary residence while working in NY? How will the taxes work out?

One other question regarding pensions. What tax implications exist when collecting the pension in Fl??

Appreciate all the advice I can get.
There is a concept called "tax home"-you have to pay taxes where you make your living. It does not matter where you call your home, it is where you make your income.
There is no tax implication when collecting your pension in Florida, Florida has no income tax.
This message comes to you from my CPA husband. Hope it helps.